CG Power extends gain; stock zooms 106% from 52-week low

The stock was up 6% to Rs 44.75, rallied 109% from its 52-week low of Rs 21.40 touched on February 14 on the BSE in intra-day trade

Shares of CG Power and Industrial Solutions were up 6 per cent to Rs 44.75 in intra-day trade on the BSE, extending its month-long gain, on report that KKR, Yes Bank and BOI AXA may take control of Avantha Group Company.

The stock has zoomed 109 per cent from its 52-week low of Rs 21.40 touched February 14 on the BSE in intra-day trade.

On March 8, the pledge on shares created by Avantha Holdings as a promoter in CG Power and Industrial Solutions, has been invoked by Vistra TCL (India), the Debenture Trustee, the company said in a regulatory